eSIM Market

An embedded subscriber identity module (e-SIM) is a universal integrated circuit card (UICC) capable of hosting multiple network connectivity profiles. It supports secure over-the-air remote SIM provisioning and updates to the operating system, keys, applications, and connectivity parameters. It also securely executes sensitive services that include soldered (MFF1, MFF2) and traditional removable (2FF, 3FF) form factors. UICC is a hardware used in mobile devices that contain SIM and/or USIM applications enabling access to GSM, UMTS/ 3G, and LTE networks

The integration of removable SIMs in the mobile phones has fueled the growth of the consumer mobile market over the past few years. But the detachable SIM slots incur additional costs for the device manufacturers. Also, switching telecom network provider and changing SIM manually becomes a complex process. In this regard, the adoption of e-SIM helps to provide flexibility and simplicity both to network providers and their end users.

According to Wantstats Analysis, the e-SIM market is expected to witness high growth during the forecast period. Increasing partnerships and industry collaborations among telecom companies to provide e-SIM services, growth in the utilization of the IoT technology, and increasing inclination toward 5G services are some of the factors fueling market growth. On the other hand, customer churn and loyalty issues are some of the challenging factors for the growth of the market.

According to Wantstats analysis, the e-SIM market has been analyzed under a single segment—end user. Based on end user, the market has been bifurcated into automobile, connected cars, emergency systems, entertainment, energy & utilities, manufacturing, retail, consumer electronics, transportation & logistics, fleet management, and M2M. The consumer electronics segment accounted for the larger market share in 2018, whereas the manufacturing segment is expected to register the higher CAGR.

By region, the market has been categorized as North America, Europe, Asia-Pacific, and the rest of the world. North America accounted for the largest market size in the e-SIMs market in 2018, and Asia-Pacific is expected to register the highest CAGR during the forecast period.

Wantstats study identifies some of the prominent key players in the e-SIM market, including Infineon Technologies AG (Germany), STMicroelectronics (Switzerland), NXP Semiconductors (Netherlands), Gemalto NV (The Netherlands), Deutsche Telekom AG (Germany), Giesecke+Devrient GmbH (Germany), NTT DOCOMO, Inc. (Japan), Sierra Wireless (Canada), Telefonica SA (Spain), and Singtel (Singapore). These players adopt partnerships, agreements, and collaborations strategies to improve their position and excel in the global e-SIM market.